Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.
Outlined bar is the consensus estimate; solid is reported.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| Q1 24 | -$2.16 | -$2.16 | 0.0% | — | $0 | — |
| Q4 23 | -$2.73 | -$3.42 | -25.3% | — | $0 | — |
Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| FY23 | — | -$16.4 | — | — | $0 | — |
| FY22 | — | -$13.8 | — | — | $0 | — |
| FY21 | — | $26.3 | — | — | $0 | — |
| FY20 | — | $0.1 | — | — | $42M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|
| Revenue | $42M | $0 | $0 | $0 |
| YoY change | — | -100% | 0% | 0% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY change | — | — | — |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|
| Revenue | 42M | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Gross margin | — | — | — | — |
| Research & development | 21.8M | 20M | 23.3M | 22.9M |
| Selling, general & administrative | 4.3M | 13.4M | 12.6M | 10.9M |
| Operating expenses | 26.2M | 31.9M | 32.4M | 33.8M |
| Operating income | 15.8M | -31.9M | -32.4M | -33.8M |
| Operating margin | 37.7% | — | — | — |
| Non-operating income, net | 9K | 49.5M | 11.6M | -20K |
| Pretax income | 14.6M | 15.8M | -22.7M | -35.8M |
| Income tax | 351K | 0 | — | — |
| Net income | 14.2M | 15.8M | -22.7M | -35.8M |
| Net margin | 33.8% | — | — | — |
| EBITDA | 16.1M | -30.8M | -32.5M | -32.8M |
| EPS | 0.1 | 26.3 | -13.8 | -16.4 |
| Diluted EPS | 0.1 | 11 | -13.8 | -16.4 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 6.7M | 6.6M | 4.9M | 5.4M | 6.1M | 5.3M |
| Selling, general & administrative | 2.7M | 2.9M | 3M | 2.5M | 2.5M | 3.1M |
| Operating expenses | 8.7M | 9.5M | 7.9M | 7.9M | 8.6M | 8.4M |
| Operating income | -8.7M | -9.5M | -7.9M | -7.9M | -8.6M | -8.4M |
| Operating margin | — | — | — | — | — | — |
| Non-operating income, net | -49K | -15K | -14K | 6K | 3K | -12K |
| Pretax income | -9.3M | -10M | -8.4M | -8.3M | -9.1M | -8.8M |
| Income tax | — | — | — | — | — | — |
| Net income | -9.3M | -10M | -8.4M | -8.3M | -9.1M | -8.8M |
| Net margin | — | — | — | — | — | — |
| EBITDA | -8.5M | -9.3M | -7.6M | -7.5M | -8.3M | -8.1M |
| EPS | -5.5 | -5.96 | -4.25 | -3.25 | -3.42 | -2.16 |
| Diluted EPS | -5.5 | -5.96 | -4.25 | -3.25 | -3.42 | -2.16 |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|
| Cash & short-term investments | 15.2M | 49.7M | 26.3M | 18.4M |
| Receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | 16.6M | 52.9M | 28M | 19.8M |
| Property, plant & equipment | 126K | 257K | 352K | 193K |
| Goodwill & intangibles | — | — | — | — |
| Total assets | 16.7M | 54.1M | 29.1M | 20.5M |
| Accounts payable | 347K | 516K | 1.5M | 2.3M |
| Short-term debt | 6M | 44K | 20.2M | 20.5M |
| Total current liabilities | 8.8M | 4M | 25.1M | 25.8M |
| Long-term debt | 6.9M | 20M | 60K | 0 |
| Total liabilities | 148.9M | 36.8M | 25.2M | 26.3M |
| Shareholders' equity | -132.2M | 17.3M | 3.9M | -5.8M |
| Total debt | 13M | 20M | 20.3M | 20.5M |
| Net debt | -2.3M | -29.7M | 11.6M | 5.7M |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 26.3M | 19M | 25M | 17.8M | 18.4M | 25.4M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 28M | 20.9M | 26M | 19.3M | 19.8M | 26.3M |
| Property, plant & equipment | 352K | 311K | 299K | 312K | 193K | 415K |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 29.1M | 21.9M | 26.9M | 20.2M | 20.5M | 27.1M |
| Accounts payable | 1.5M | 3.8M | 1.5M | 1.1M | 2.3M | 1.7M |
| Short-term debt | 20.2M | 20.3M | 20.4M | 20.5M | 20.5M | 20.1M |
| Total current liabilities | 25.1M | 26.7M | 23.8M | 23.6M | 25.8M | 25.6M |
| Long-term debt | 60K | 43K | 25K | 6K | 0 | 179K |
| Total liabilities | 25.2M | 26.7M | 24.3M | 24.1M | 26.3M | 26.3M |
| Shareholders' equity | 3.9M | -4.8M | 2.6M | -4M | -5.8M | 827K |
| Total debt | 20.3M | 20.3M | 20.4M | 20.5M | 20.5M | 20.2M |
| Net debt | 11.6M | 10M | 5.7M | 15.1M | 5.7M | 4.7M |
Annual history by fiscal year; click a table row below to chart a different metric.
Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.
| Metric | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|
| Market cap | — | — | — | — | 2.8K |
| Enterprise value | — | — | — | — | -5.1M |
| Shares outstanding | 1.6M | 604.2K | 1.6M | 2.2M | 2.2M |
| Metric | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|
| P/E | — | — | — | — | -0 |
| P/B | — | — | — | — | 0 |
| EV/EBITDA | — | — | — | — | 0.16 |
| Earnings yield | — | — | — | — | -2.7M% |
| FCF yield | — | — | — | — | -626K% |
| PEG | — | — | — | — | 0 |
| Metric | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|
| Operating margin | 37.7% | — | — | — | 0% |
| Net margin | 33.8% | — | — | — | 0% |
| ROE | -10.7% | 91.4% | -581.8% | 618% | 618% |
| ROA | 85.1% | 29.2% | -77.9% | -174.3% | -83.3% |
| ROIC | -11.5% | 257.5% | — | — | — |
| Return on tangible assets | 85.1% | 29.2% | -77.9% | -174.3% | -127.6% |
| Metric | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|
| Current ratio | 1.89 | 13.3 | 1.12 | 0.77 | 1.03 |
| Quick ratio | 1.89 | 13.3 | 1.12 | 0.77 | 1.03 |
| Debt / equity | -0.1 | 1.16 | 5.21 | -3.55 | 24.5 |
| Debt / assets | 0.78 | 0.37 | 0.7 | 1 | 0.75 |
| Net debt / EBITDA | -0.14 | 0.96 | 0.19 | -0.07 | 0.16 |
| Interest coverage | 11.9 | 9.96 | -9.07 | -11.3 | -10.6 |
| Effective tax rate | 2.41% | 0% | — | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|
| Revenue per share | 26 | 0 | 0 | 0 | 0 |
| EPS (basic) | 0.1 | 26.3 | -13.8 | -16.4 | -16.4 |
| EPS (diluted) | 0.1 | 11 | -13.8 | -16.4 | -15.1 |
| Book value per share | -81.9 | 28.6 | 2.37 | -2.65 | 0.21 |
| FCF per share | 8.47 | -41.3 | -15.8 | -13.6 | -7.17 |
| Cash per share | 9.42 | 82.3 | 16 | 8.4 | 5.4 |
| Capex per share | 0.1 | 0.94 | 0.12 | 0.04 | 0.02 |
| Metric | FY20 | FY21 | FY22 | FY23 | Current |
|---|---|---|---|---|---|
| Capex / revenue | 0.37% | — | — | — | — |
| Capex / operating cash flow | 1.04% | -2.27% | -0.72% | -0.33% | -0.27% |
| Payout ratio | — | — | — | — | 0% |
| — |
| 0% |
| 0% |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|
| Net income | 14.2M | 15.8M | -22.7M | -35.8M |
| Depreciation & amortization | 160K | 24K | 53K | 111K |
| Stock-based compensation | 499K | 8.7M | 5.3M | 4.6M |
| Change in working capital | -249K | -759K | 1.2M | 1M |
| Operating cash flow | 14.7M | -24.9M | -26.7M | -29.7M |
| Capital expenditure | -154K | 565K | -192K | -97K |
| Investing cash flow | -154K | 565K | -17.9M | 14.5M |
| Dividends paid | — | — | — | — |
| Share repurchases | — | — | — | — |
| Financing cash flow | -2M | 58.8M | 2.8M | 21.2M |
| Net change in cash | 12.6M | 34.4M | -41.8M | 5.9M |
| Free cash flow | 13.7M | -24.9M | -26.1M | -29.6M |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 |
|---|---|---|---|---|---|---|
| Net income | -9.3M | -10M | -8.4M | -8.3M | -9.1M | -8.8M |
| Depreciation & amortization | 27K | 28K | 27K | 26K | 30K | 28K |
| Stock-based compensation | 1.4M | 1.2M | 1.2M | 1.1M | 1.1M | 1M |
| Change in working capital | 374K | 2.3M | -2.2M | -286K | 1.3M | -663K |
| Operating cash flow | -7.4M | -6.5M | -9.3M | -7.3M | -6.6M | -8.4M |
| Capital expenditure | -13K | -13K | -28K | -2K | -54K | 0 |
| Investing cash flow | 3.6M | 9M | -1.6M | -1.9M | 8.9M | -6.3M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | -37K | 212K | 14.5M | 324K | 6.1M | 14.2M |
| Net change in cash | -3.8M | 2.8M | 3.6M | -8.9M | 8.5M | -450K |
| Free cash flow | -6.8M | -7.7M | -8.6M | -7.8M | -5.6M | -7.3M |